Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-07-16
THE WEEKLY REVIEW.
R.G. DUN AND DCONPANY'SREP0RTOPTRADB
FOR THE WEEK.
Estimates On the Whsa! Crop-Ths Corner in Cotton
. a Failure Uncertainty Of the Ivss-Garrstt
Deal-Aenviy Among Building In
tsrests-Pailures for the Week.

New YORK, July 15.-R. G. Dun q
Co in their weekly review of trade, say:
Exports Of breadstuffs, cotton, animals,
and animal products and petroleum, in
June were $32, 66s, 277 against $3S, G3S, 224
for the same month last year. Breadstuffs
increased s., 300, 900, and cattle $271 900.
Cotton decreased So, 9,1OO,OOO provisions,
500, 900, and oil $344,OOO. With other
exports as last year the aggregate for June
would be $57, 900, 600 against $59, ,OO0, GOO
imports, making the excess of imports for
three months $40, 10000
Cotton, held above foreign markets, &C.
counts for S25, coo, 900 of this, and recent
failures indicate that this speculation was
not worse than the one in wheat. The un-
loading of those who bought after Ker-
shaw's failure has depressed No. 2 red
here to S2l, a fall of over cents for the
week and 24} cents since June 30. With
exports of 153, 569, 900 bushels for the past
year, the stock carried over includes "a, :
OOO, 900 bushels visible supply, 5000, 600
bushels in California and certainly IL, OO0,- :
900 in farmers hands, besides all the flour
ON haud-facts which establish the correct
ness of estimates made months ago, that
the surplus would exceed 81, OO0, 900 BUSH
els
In spite of railroad earnings, which
gained 15 per cent in June, and encourag-
ing assurances by prominent men and con-
tinued proof that the Interstate act Is not
TO be so construed by the courts az to do
all the harm apprehended, the prices OF
stocks have been lower. The market de-
pends, not
UPON VALUES OR EARNINGS,
but upon individual notions as to the
question whether the famous lives deal"
is merely undealt, or misdeal. 1t is the
case Of a long row of bricks on end; if one
banker calls doubtful loan, he fears that
it will cause other calls, and a tOppling
over all along the line. So everybody
waits for the market and the market waits
for long promised settlements to mate
rialiZe.
Why investors are not buying the sta
tistics of new buildings and real estate
sales may explain. If the country has in
six months invested $40O, 900, 600 in new
buildings, 100000, 900 more in develop
ing Southern manufactures and mines, be-
sides the cost of buildings, and as much
more in the rest of the country, and $780,
600, 600 in new railroad building, it cannot
have an unlimited sum ready to employ in
lifting the prices of securities. Present
prices of stocks, less assessments paid, are
about 3 per cent. higher than a year ago;
pork 33 per cent higher, cotton 10 per
cent. higher, coffee 80 per cent. higher, pig
iron II per cent. higher, steel rails 10 per
cent. higher, wheat per cent. lower,
corn per cent. lower, oil 9 per cent lower,
and beef Is per cent lower.
From all interior points
TRADE REPORTS ARE FAVORABLE
considering the season, and collections fair.
Money is trile easier at Nashville, in
good demand at Cleveland and plenty at
Kansas City and Detroit.
Unusual activity in tobacco is noted at
Cincinnati; a syndicate is said to have
bought 5000, 900 pounds, third of Ken
tucky's "blue grass" crop.
Iron is stronger. The New York state
ment of iron production is 10000 tons
less for the halt year than the Pitts
burg account, which would make the half
years consumption of domestic and import
ell iron and steel 4, ,25S, 600 tons, against
1916 600 for first half of 1886
Some stringency at Western points al
fects prices OF wool. Wool tricots are much
depressed, sale of $500 pieces being no
ted at 42t cents against 50 cents last year,
and one house opens light weight cheviOts
at Sl.25, which were reduced TO Sl.37 last
year. In the cotton branch. dry goods
prices are well maintained
The business failures for the last seven
days numbered l49, for Canada 30, total
49, compared with l54 last week, and lS3
corresponding week of last year